It's funny because economics is part math and part voodoo, so there is no magic number at which the economy breaks.
I found an economist/policy maker who says what I feel about the issue though.
Quote:
Democrats used to talk in moral terms—about fighting for civil rights, for example. What should Democrats say now and in the future about public morality? That it's morally wrong to give huge tax cuts to the rich while cutting social programs for the poor and working class—especially when the gap between the rich and everyone else is wider than it's been in more than a century. That we have a moral obligation to give every American child a good education and decent health care. That it's morally wrong that millions of Americans who work full time don't earn enough to keep their families out of poverty. That corporate executives who steal money from their investors and employees are morally reprehensible. And that it's morally wrong to kill over a hundred thousand Iraqis and send over a thousand young Americans to their deaths for a cause that is still undefined, in a war that was unnecessary.
I'm not saying Democrats have to adopt my particular moral positions. But unless or until Democrats return to larger questions of public morality, they won't inspire the American public. Plans and policies are important, of course. But there's no substitute for offering a vision of what we can become as a nation—and giving citizens the faith we can get there.
Which gets me to the issue of faith. Democrats need to talk more about it, and inspire more of it. But here again, I don't mean the Republican or right-wing evangelical version—faith in a particular religion or god, faith in final judgment. I mean the sort of faith on which all social progress has been based, and must be based—an irrational faith that it is possible, by working together, to create a more just nation and a more just world. This sort of faith is entirely irrational—it defies reason—in the sense that it's often impossible to find hard evidence to justify it. It requires a great leap into the unknown and unknowable. It necessitates boundless energy and absurd optimism even in the darkest times. But without such faith, progress toward a just society is not possible.
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- Robert Reich
http://www.slate.com/id/2109190/